Capital Markets
From The Report: Nigeria 2016
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Already home to the second-largest stock exchange in Africa by market capitalisation, the introduction of foreign-exchange futures trading in mid-2016 is a major step towards the market’s goal of offering increasingly sophisticated investment and risk-management products and services. Although there are a handful of potential initial public offerings in the pipeline, 2016 may not be an active year for new listings, but capital markets, through rights offerings, corporate debt issues and other products will remain a key source of new capital for corporations. The next 12-18 months will see a host of new financial products designed to help corporations raise capital, hedge risk and speculate in various markets.

This chapter contains an interview with Oscar Onyema, CEO, Nigerian Stock Exchange; and a viewpoint from Kayode Akinkugbe, Chairman, FBN Capital.